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CGA: Optimism and Opportunity in 2021

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We all agree that 2020 was a year that we want to put firmly behind us. The COVID-19 pandemic has had an extraordinary impact on our business, communities and families. In these early months of 2021, the impacts of the pandemic continue be present and real for those still impacted by closures, but there is a sense of optimism and hope for the year ahead.

2021 will be a pivotal year for the Canadian Gaming Association (CGA) as we continue to work with both federal and provincial governments to ensure the best outcome possible for our industry as it recovers from COVID-19.

The association’s advocacy efforts will be primarily focused on sports betting and the development of iGaming regulatory model in Ontario. The CGA will continue to support Bill C-13, the federal single-event sports wagering bill, as it moves through the House to the Senate, and will provide assistance as provincial regulators decide how to best to develop their sports wagering regulatory models. Coinciding with these efforts will be the CGA’s involvement in the consultations on Ontario’s iGaming model, the CGA continue to work with the AGCO and the government of Ontario as they move ahead with a licensing model to make iGaming a reality in the province.

CGA Academy 
We have launched a new training and development program called the CGA Academy in partnership with iGaming Academy. Member and industry offers are coming soon and in the meantime, you can find more information on the CGA Academy microsite.

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New Members
Our membership is growing! We are thrilled to welcome Bet Regal and Kambi to the Canadian Gaming Association. If you are interested in joining the CGA, information and application forms are available here.

Sports Betting Update

Sports betting will be a key priority for the CGA throughout 2021 as it will be a powerful tool to help the industry emerge from the impacts of COVID-19. Bill C-218, the Private Member’s Bill brought forward by Kevin Waugh, MP for Saskatoon-Grasswood, had its second reading and debate on February 5 and again benefited from all-party support. The second reading vote will be held on February 17, which will approve the bill’s referral to the House of Commons Justice Committee for hearings.

Bill C-13, the government bill, is due to have its second reading and debate on February 19.

Paul Burns, President & CEO, CGA, and Mr. Waugh were quoted in an article in the Financial Post on how Canada has never been closer to legalizing single-event sports betting.

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We will continue to keep you updated on the progress of the two bills.

Regulatory Innovation Committee Moving On to Sport and Event Wagering Standards

The CGA’s Regulatory Innovation Committee developed regulatory standards for cashless wagering (Standards for Cashless Systems) in land-based Canadian casinos in 2020, which are now available for implementation across Canada. A copy of the standards can be dowloaded on our website. The committee has moved on to sport and event wagering standards in anticipation of the legalization of single-event sports wagering.

Given that only parlay-style wagers are legal in Canada, there is a need to address issues that will be specific to the implementation of sport and event wagering standards such as match fixing/integrity of data, sharing data across jurisdictional lines, and marketing and the offering of odds. The committee will be working to develop statements to append to GLI-33, which most provinces will be adopting in the months to come.

The committee includes a cross section of gaming industry representatives working with provincial gaming regulators and subject matter experts.

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Congratulations!

CGA board member Dean Ehrlich, Executive Vice President and Games Business Leader, Everi, was named one of Global Gaming Business magazine’s 25 People to Watch.

Claire Copeland, former Chair of the CGA’s Board of Directors and former CEO of Falls Management, was awarded the Order of Ontario for his business leadership contributions to Ontario.

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Canada

IAGR announces Toronto as host city for 2025 conference

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Hot on the heels of its most attended conference in history, the International Association of Gaming Regulators (IAGR) is excited to announce that its 2025 conference will take place in Toronto, Canada, from October 20 to 23, 2025.

The event will be held in partnership with the Alcohol and Gaming Commission of Ontario (AGCO) at the Westin Harbour Castle, offering stunning waterfront views and a premier, downtown Toronto location.

‘Fresh off the success of our Rome conference, we’re thrilled to continue the momentum with next year’s event in Toronto,’ said Ben Haden, IAGR President.

‘The IAGR 2025 conference promises to be another unparalleled opportunity for our global community to come together, collaborate and shape the future of gaming regulation. We’re looking forward to working with AGCO to bring it all together.’

AGCO CEO and Registrar Dr. Karin Schnarr, added, ‘We’re excited to welcome IAGR and its members to Toronto. This partnership provides a great opportunity to share Ontario’s innovative regulatory practices and foster meaningful discussions that drive positive change in the industry.’

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Stay tuned for registration details early next year.

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Bombee Global Entertainment Ltd

ESE Entertainment Completes Acquisition of Gaming Production Company, Bombee Americas

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ESE Entertainment Inc., a gaming company that provides a range of services to leading video game developers and publishers, has announced that it has acquired Bombee Global Entertainment Ltd. (Bombee Americas), the North American arm of Bombee Event Production AB, (Bombee), a global production company specialized in live production, special effects, broadcast, and event management for the gaming sector.

Bombee has successfully collaborated with ESE to bring its premier event production services and world class customer service to North America and beyond. The North American arm of Bombee, Bombee Americas, will continue to grow and scale in this new organizational structure under ESE, while maintaining its entire team and global support.

Konrad Wasiela, CEO of ESE, said: “Today marks the next stage of ESE—a 2.0 version of our company. With the acquisition of Bombee Americas, we are not only solidifying our presence in North America but also paving the way for growth and innovation in the gaming industry. This is a major step, positioning us to deliver even greater value to our partners and elevate the gaming experience for our clients globally. We’re thrilled about the opportunities ahead and the exceptional talent joining our team.”

Transaction Terms

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The Acquisition was completed by way of a share purchase agreement (the SPA) among the Company, Bombee Americas, and the shareholders of Bombee Americas (the Vendors). Pursuant to the SPA, ESE acquired all of the outstanding shares of Bombee Americas in exchange for: (i) $750,000 in cash paid on closing, (ii) $375,000 in cash to be paid six (6) months following closing, subject to customary adjustments based on the working capital of Bombee Americas on closing, (iii) $375,000 in cash to be paid twelve (12) months following closing, and (iv) 30,000,000 common shares of ESE (the Consideration Shares), issued at a deemed issue price of $0.10 per share.

In connection with the Acquisition, the founders of Bombee Americas have signed three-year service agreements and will continue to run the business following the closing, along with the rest of the personnel of Bombee Americas who will remain in place, ensuring a smooth transition of operations. As part of the Acquisition, the Company has acquired the liabilities of Bombee Americas, mainly consisting of customary current obligations incurred in the ordinary course of business for Bombee Americas, which are not expected to have a material impact on the Company’s operations or financial position.

No finder’s fees were paid or payable in conjunction with the Acquisition.

The Acquisition was an arm’s length transaction within the meaning of the policies of the TSX Venture Exchange (the Exchange) and constituted an “Expedited Acquisition” in accordance with Exchange Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets. The Acquisition remains subject to the final approval of the Exchange.

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Canada

Suspected Digital Fraud Coming from Canada Up Nearly 11% Since H1 2023, Reveals New TransUnion Analysis

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In the first half (H1) of 2024, Canada saw a significant increase in suspected Digital Fraud attempts, with nearly 5.74% of all attempted digital transactions where the consumer was located in Canada involving suspected Digital Fraud, revealed a new TransUnion® (NYSE: TRU) analysis. This is nearly an 11% year-over-year (YoY) rate increase from H1 2023, and TransUnion also documented an 11% increase in the volume of suspected Digital Fraud from Canada during this period, despite a less than a one percent (0.7%) YoY increase in the volume of transactions.

According to a recent TransUnion survey,1 more than half (54%) of Canadians said they were recently targeted by email, phone call or text message fraud attempts. Phishing was the most common scheme type (45%), followed by smishing (42%) and vishing (39%).

The increasing use of digital transactions, combined with rising suspected Digital Fraud attempts are also impacting businesses as they potentially face revenue losses and increased operational costs due to fraud. According to a TransUnion business survey for the H2 2024 Update to the State of Omnichannel Fraud report, 200 Canadian business leaders said their companies lost approximately 6% of equivalent revenue – representing $78 billion – over the past year due to fraud. The most prominent causes of fraud loss cited by them were:

  • Scam/Authorized fraud (31%): Dishonest scheme intended to trick a person into giving up something of value (e.g., account access, money, information)
  • Account takeover (19%): Unauthorized individuals taking over someone’s online account (e.g., bank, social media, email) without their permission
  • Synthetic identity fraud (18%): Use of a combination of personal information to fabricate a person or entity to commit a dishonest act for financial or personal gain

TransUnion also found that suspected Digital Fraud attempts – where the consumer was transacting in Canada and targeted businesses globally – increased on average by 10.5% YoY in H1 2024 compared to H1 2023 and impacted all industries.

Top Three Industries Globally with Highest Rate of Suspected Digital Fraud Attempts Coming from Canada in H1 2024

  1. Gambling (online sports betting, poker, etc.) – 9.6%
  2. Retail – 9.2%
  3. Government – 7.7%

Top Three Industries Globally with Highest YoY Increase (H1 2024 vs H1 2023) in the Rate of Suspected Digital Fraud Attempts Coming from Canada

  1. Logistics – 172.9%
  2. Gambling – 79.3%
  3. Video gaming – 67.8%

“Protecting customers and their businesses from fraud is essential to enabling safe and tailored consumer experiences. These findings reveal that despite the good-faith efforts that are being undertaken by companies to identify and prevent fraud to date, fraudsters continue to evolve and it’s vital that fraud prevention methods keep up with the changing times,” said Patrick Boudreau, head of identity management and fraud solutions at TransUnion Canada.

“Businesses that aren’t already doing so should ensure that they are taking advantage of fraud prevention technologies such as identity verification, IP intelligence, device reputation and synthetic identity detection as critical components of their fraud prevention programs,” he added.

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